Magnum Goldcorp Balance Sheet Health

Financial Health criteria checks 2/6

Magnum Goldcorp has a total shareholder equity of CA$3.4M and total debt of CA$5.0K, which brings its debt-to-equity ratio to 0.1%. Its total assets and total liabilities are CA$3.6M and CA$166.6K respectively.

Key information

0.1%

Debt to equity ratio

CA$5.00k

Debt

Interest coverage ration/a
CashCA$843.00
EquityCA$3.45m
Total liabilitiesCA$166.60k
Total assetsCA$3.61m

Recent financial health updates

No updates

Recent updates

Financial Position Analysis

Short Term Liabilities: MGI's short term assets (CA$3.9K) do not cover its short term liabilities (CA$112.6K).

Long Term Liabilities: MGI's short term assets (CA$3.9K) do not cover its long term liabilities (CA$54.0K).


Debt to Equity History and Analysis

Debt Level: MGI's net debt to equity ratio (0.1%) is considered satisfactory.

Reducing Debt: MGI's debt to equity ratio has reduced from 3.6% to 0.1% over the past 5 years.


Balance Sheet


Cash Runway Analysis

For companies that have on average been loss-making in the past, we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: MGI has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: MGI has less than a year of cash runway if free cash flow continues to grow at historical rates of 0.9% each year.


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